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Ordinance No. 7814 0 ORDINANCE NO. 781 AN URGENCY ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CYPRESS AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF CYPRESS AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM. THE CITY COUNCIL OF THE CITY OF CYPRESS DOES ORDAIN AS FOLLOWS: SECTION 1. That an Amendment to the Contract between the City Council of the City of Cypress and the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of which is on file in the office of the City Clerk, and by this reference is incorporated herein as Exhibit "A ", relating to providing the 1959 Survivor Benefit - Level 3, for Miscellaneous Employees (2% at 60 formula). SECTION 2. The Mayor of the City of Cypress is hereby authorized, empowered, and directed to execute said Amendment for and on behalf of said Agency. SECTION 3. The City Council finds that there is a current and immediate threat to the public health, safety, or welfare, in that the City Council and the Miscellaneous Employees entered into an agreement on February 23, 1987, to provide the 1959 Survivor Benefit - Level 3, and it is the intention of the City Council that the same be effective immediately upon the adoption of this Urgency Ordinance. PASSED AND ADOPTED by the City Council of the City of Cypress at a regular meeting held on the 10th day of August 1987. ATTEST: CI k‘et" I' OF CYPRESS STATE OF CALIFORNIA ) SS COUNTY OF ORANGE MA i R OF THE CITY OF CYPRESS I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Urgency Ordinance was duly adopted at a regular meeting of the said City Council held on the 10th day of August 1987; by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Arnold, Coronado, Davis, Mullen and Kanel NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None C L F TH CITY OF CYPRESS